Krypton Evening Post | The refreshed Model Y will officially start domestic delivery tomorrow; Alibaba will open source its text-to-video model Wanxiang 2.1.
Big Companies:
Alibaba to Open Source Its Video Generation Model Wanxiang 2.1
It is learned from informed sources that Alibaba will fully open source its video generation model Wanxiang 2.1 this evening. According to the previous introduction, Wanxiang 2.1 supports Chinese and English videos, can generate artistic characters with one click, and also provides a variety of video special effects options to enhance visual expressiveness, such as transitions, particle effects, simulations, etc. (Sina Technology)
Renewed Model Y to Officially Start Domestic Delivery Tomorrow
The renewed Model Y will start domestic delivery tomorrow (February 26). On February 18, the renewed Model Y was officially mass-produced at Tesla's Shanghai Gigafactory, and the first batch of offline models is equipped with a new ice river blue car paint. (Cailian Press)
36Kr learned that TikTok E-commerce held a store broadcasting-themed event. The data disclosed on the spot shows that in the past year, among the merchants engaged in live-streaming with goods, 69% of the merchants achieved product sales through store broadcasting. Among them, more than a thousand merchants' store broadcasting sales exceeded 100 million yuan, and the store broadcasting sales of 162,000 merchants doubled. Merchants in national industrial zones achieved sales of over 430 billion yuan through store broadcasting.
At the press conference of the Wuhan Municipal Information Technology Bureau on February 25, the relevant person in charge introduced that Wuhan will carry out the "Artificial Intelligence +" action this year, promoting the empowerment and application of more than 20 industry large models to create a vertical large model application matrix. It is introduced that in 2024, the scale of Wuhan's artificial intelligence industry will reach 70 billion yuan, with an annual growth rate of more than 30% in the past three years. Currently, Wuhan has gathered more than 1,000 artificial intelligence enterprises, basically achieving full coverage of the upstream basic layer, the midstream technology layer, and the downstream application layer. (Shanghai Securities News)
Starbucks' Chief Financial Officer and senior executives are expected to visit China in the coming weeks for sales negotiations. (Cailian Press)
36Kr learned that according to the latest display of the world's largest AI open source community Hugging Face, as of now, the number of derivative models of Alibaba Qianwen (Qwen) open source large model has exceeded 100,000, continuously leading the open source models such as the US Llama, and firmly ranking first in the world's largest open source model. Since August 2023, Alibaba Cloud has successively open-sourced 4 generations of models including Qwen, Qwen1.5, Qwen2, and Qwen2.5, covering the full range of 0.5B, 1.5B, 3B, 7B, 14B, 32B, 72B, 110B, and the full modalities of large language, multimodal, mathematics, and code, and has repeatedly ranked on authoritative lists at home and abroad.
Unilever's CEO Steps Down Less Than Two Years into the Position, Replaced by the CFO
Global fast-moving consumer goods giant Unilever announced that the current CEO Hein Schumacher will officially step down on March 1 and plans to fully exit the company on May 31. The current CFO Fernando Fernandez will take over as Unilever's new CEO on March 1. Hein Schumacher joined Unilever in July 2023 and has served for less than 2 years. (Jiemian)
Investment and Financing:
Vedanta Plans to Invest $5.7 Billion in Oil and Gas Exploration in Assam, India
According to a company statement, the Indian Vedanta Group plans to invest 500 billion rupees (approximately $5.7 billion) in the northeastern Indian state of Assam for the exploration and production of oil and gas. The goal of Cairn Oil and Gas, a subsidiary of the Vedanta Group, is to produce 100,000 barrels of oil and gas per day in Assam. (Jiemian)
"Jiazhao Electronics" Receives Over 100 Million Yuan in Series B+ Financing
36Kr learned that "Jiazhao Electronics" announced the completion of a Series B+ financing of over 100 million yuan. This round of financing was jointly completed by the Chengdu Science and Technology Innovation Investment Group, the Chengdu Major Industrialization Project Phase I Equity Investment Fund Co., Ltd., the Chengdu Tianfu Innovation Equity Investment Fund Management Co., Ltd., and Saize Capital. This financing will mainly be used for the research and development of high-end testing solutions such as high-end storage, computing chips, photoelectric chips, radio frequency chips, etc., and the investment in high-end testing production lines. Jiazhao Electronics is a professional independent third-party semiconductor testing service provider that focuses on the full-process services of integrated circuit testing solution development, testing hardware development, wafer testing (CP), chip finished product testing (FT), mass production aging, and SLT testing.
New Products:
Unitree Technology updated a video today with the title "Kung Fu BOT: Unitree G1" and stated that "the algorithm continues to upgrade, and any actions can be learned arbitrarily." In the video, the G1 robot completed consecutive martial arts actions and maintained balance. (Cailian Press)
The ByteDance-owned AI assistant Doubao is conducting a small-scale test of a deep thinking model, but the connected model is not DeepSeek. According to the relevant person in charge of Doubao, the current test is different experimental versions of its own deep thinking model. The reporter's actual test found that the entrance of the "Deep Thinking" function has not yet been displayed on the Doubao conversation page, but for users who have been gray-scaled, the thinking chain will be displayed in the responses generated by Doubao after asking different questions. (Cailian Press)
Tencent Yuanbao Update: Conversation Content Can Be Shared as a Long Image with One Click
36Kr learned that Tencent Yuanbao has been updated again, and users can share the conversation records with Yuanbao with one click as a long image. In the latest version, Tencent Yuanbao provides three display forms: a complete conversation long image, a conversation excerpt image, and a WeChat sharing card. In Tencent Yuanbao, users can use the full-blooded version of DeepSeek-R1 and the reasoning model Hunyuan T1 for deep thinking, and can also quickly output answers through DeepSeek-V3 and Tencent Hunyuan Turbo. Currently, all models in Yuanbao support understanding images, parsing files, searching for public accounts on the Internet, and uploading files from WeChat.
Today's Views:
STMicroelectronics' CEO Reportedly to Be Dismissed Due to Poor Performance
According to Bloomberg news, informed sources said that the Italian government hopes to replace STMicroelectronics' CEO Jean-Marc Chéry due to his poor performance. Italy and France each hold a 27.5% stake in STMicroelectronics. In January this year, STMicroelectronics predicted that its net revenue in the first quarter fell short of analysts' expectations. The report said that in the context of continued weak demand, STMicroelectronics is seeking to lay off up to 3,000 people. STMicroelectronics' share price has fallen by 37% in the past 12 months. (Jiemian)
On February 25, Foreign Ministry Spokesperson Lin Jian presided over a regular press conference. A reporter asked, the Trump administration is drafting stricter semiconductor restrictions and pressuring key allies to upgrade their restrictions on China's chip industry. What is China's comment on this? Lin Jian said that China has repeatedly stated its solemn position on the US' malicious blockade and suppression of China's semiconductor industry. The US politicizes, pan-security-izes, and instrumentalizes economic, trade, scientific and technological issues, continuously escalating its export control on China's chips, coercing other countries to suppress China's semiconductor industry. This act hinders the development of the global semiconductor industry and will eventually backfire and harm others and itself. (CCTV News)
Recently, there are rumors in the market that many domestic leading photovoltaic module enterprises have collectively raised the module prices. The rumored price increase is about a few cents per watt, which was once interpreted by the industry as a positive bottom reversal signal. A person close to the marketing department of LONGi Green Energy said that due to the impact of the power reform policy, the company's distributed factory price increased by 0.03 yuan/watt to 0.05 yuan/watt last week, and the centralized price has not changed for the time being. Trina Solar also confirmed the rumor of price increase. "It has indeed increased a bit." The relevant person in charge of the company said that the component price sold by the channel to customers has increased by 0.02 yuan/watt to 0.03 yuan/watt. Currently, the price increase has been confirmed in the domestic market and the European market, and the situation in the US market is not yet clear. "The price of photovoltaic modules is going to increase." The relevant person in charge of JA Solar Technology said that after the Spring Festival, the market demand has warmed up, and the company's subsequent order receiving situation is very good. "The price increase of photovoltaic modules, in addition to the support of market demand, due to the upstream raw materials are still in a loss state, there is pressure to increase the cost and the need to transfer the cost pressure through the price increase of modules." (Yicai)
Other News Worth Noting:
EU Passenger Car Registrations Fell by 2.1% Year-on-Year in January
Data released on February 25 shows that EU passenger car registrations (an indicator reflecting sales) declined in January, while electric vehicle sales increased significantly. Due to the decline in demand for plug-in hybrid vehicles, gasoline vehicles, and diesel vehicles, the total sales in the region fell by 2.1% year-on-year. On the other hand, EU electric vehicle sales increased by 37% in January, as automakers promoted their battery-powered vehicles to comply with stricter emission regulations this year. In terms of the total car registrations of European automakers, the registrations of Volkswagen and Renault increased year-on-year in January, while those of Stellantis, BMW, and Mercedes-Benz decreased. (Jiemian)